All Property Week articles in 21 August 2009 – Page 3
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Nakheel fees row heads for Ruler's Court
Angry residents of Dubai’s Discovery Gardens are set to take their row to the Ruler’s Court this week in a bid to force developer Nakheel into slashing “exorbitant” service charge fees.
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Gulf banks increase mortgage offers
Banks are steadily increasing their mortgage offerings as the property market reaches the bottom of the downturn, analysts say.
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DTZ chief takes 25% pay cut
Paul Idzik, the chief executive of DTZ, has taken a 25% pay cut as the property agent battles to overcome the collapse in real estate markets.
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DevSecs plots return
Development Securities will target large-scale development projects in the UK as well as buying lower-priced investment property as part of its return to the commercial property market.
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12.6% of prime shops vacant
Cushman & Wakefield has said that 12.6% of prime shops were now vacant on the average UK high street, an increase of 0.4% since May. The proportion of vacant shops available because of administrations remained stable at 3.3%.
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Bovis targets 'cheap land'
Bovis Homes has reported net cash for the first time in two years – the latest sign of a recovery in the UK’s struggling housebuilding industry.
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Balfour Beatty in Texas win
Balfour Beatty has won a £252m roadwork contract in Texas in a joint venture with Fluor, the engineering and project management company. Balfour Beatty’s American division accounts for 30% of revenue.
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Poor areas resemble 'The Wire' claims Tory
Some of Britain’s most deprived neighbourhoods have started to resemble an episode of The Wire, the acclaimed US drama that portrays the devastating effect of the drugs trade on the streets of Baltimore, the shadow home secretary claims today.
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OnlineJones Lang LaSalle’s Honor Chapman dies
Former Jones Lang LaSalle partner Honor Chapman has died aged 67.
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ProLogis reduces loan facilities by $1.35bn
ProLogis has extended and amended its senior loan facility, reducing it by $1.35bn as part of its deleveraging strategy.
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Europe’s largest shoe seller steps into Livingston
Deichmann Shoes, Europe’s largest footwear retailer, is to open a new store at Land Securities’ The Centre in Livingston, Scotland.
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Acquisitive Zenith set to pounce
Martin Barber, the co-founder and former chief executive of Capital & Regional, the UK property investor, is to return with a new business aiming to buy commercial property in the country.
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Landlords to back Focus DIY's CVA plan
Landlords are set to back Focus DIY’s company voluntary agreement (CVA) today, saving 5,000 jobs and preventing the chain from going under.
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China passes UK and US as commercial property market
China outpaced the US and the UK combined in commercial property sales in the first half of the year, Real Capital Analytics said.
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US existing home sales up at last
Sales of existing US homes jumped more than forecast in July to the highest level in almost two years, signalling the housing crisis that crippled the world’s largest economy is easing.
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Ajman approves less that a quarter of proposed towers
The Ajman Real Estate Regulatory Agency has published a list of the 172 approved towers on its website, compared with the 900 buildings that were planned.
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Dubai resi rents dipped 30% since March
Rents in Dubai continued to decline in August by as much as 30 percent but there were signs of stabilisation in some areas, Landmark Advisory said on Monday.
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Ballymore chief launches £500m fundraising
Sean Mulryan, the Irishman who built Ballymore into one of Europe’s biggest property companies, is on a £500m fundraising campaign to finance expansion of his private property empire.
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Thames Valley set for worst year
The property markets of the Thames Valley are on course for their worst year on record, as the recession continues to hit tenants in core technology industries.
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Moscow property market at a standstill
Russian developers have been hit by slumping demand and a dire shortage of credit to complete projects. Prices have tumbled 60 per cent inside a year as Russia’s oil-fuelled economic boom has turned to bust.
